CandleFocus Bitcoin’s surge above $69,000 triggers market-wide rally
2024-10-21
Author: Content Editor
Bitcoin broke past $69,000, leading to a broad-based rally across the crypto market. Altcoins also rose, with ApeCoin (APE) gaining over 60% after the launch of ApeChain. Ethereum (ETH) reached $2,700 and its layer 2 tokens saw substantial increases. Binance Coin (BNB) and Solana (SOL) also made significant gains. AI tokens, such as Bittensor (TAO), are in the limelight. The total crypto market cap reached $2.5 trillion. Standard Chartered predicts Bitcoin could reach its previous all-time high of $73,800 before the US presidential election, with traders favoring Trump over Kamala Harris. Bitwise CIO Matt Hougan sees the upcoming election and strong ETF demand as bullish catalysts for Bitcoin's price.
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